Global air cargo volume drops 17.2% in August: report

  • Date: 23-Sep-2020
  • Source: Zawya
  • Sector:Transport
  • Country:GCC
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Global air cargo volume drops 17.2% in August: report

August showed a year-over-year (YoY) drop of 17.2% in worldwide cargo volume and of 29% in shipments carried, but a YoY increase in revenues of 37%, thanks to rates in USD that were 65% higher than 2019, a report said.The origin region Asia Pacific lost least volume (-10%) YoY, whilst the origins Europe and MESA (Middle East & South Asia) lost most (-25% resp. -22%), added the WorldACD Market Data report.Preliminary figures for the first half of September indicate that volume remains at -17% YoY. Taking a first look at yields in this period, they look stable so far at $2.83, the same as in August.March through AugustLooking at the full Covid-19 period up till now, i.e. from the month of March 2020, the following YoY picture emerges: nr of